Beech Hill Advisors buys $1,324,219 stake in Anthem Inc (ANTM)

Anthem Inc (ANTM) : Beech Hill Advisors scooped up 550 additional shares in Anthem Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 9,775 shares of Anthem Inc which is valued at $1,324,219.Anthem Inc makes up approximately 0.86% of Beech Hill Advisors’s portfolio.

Other Hedge Funds, Including , Sentinel Trust Co Lba reduced its stake in ANTM by selling 216 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 24,873 shares of ANTM which is valued at $3,369,545. Anthem Inc makes up approx 0.47% of Sentinel Trust Co Lba’s portfolio.James Investment Research Inc reduced its stake in ANTM by selling 232,947 shares or 39.87% in the most recent quarter. The Hedge Fund company now holds 351,298 shares of ANTM which is valued at $47,425,230. Anthem Inc makes up approx 1.17% of James Investment Research Inc’s portfolio.Acropolis Investment Management boosted its stake in ANTM in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 8,778 shares of Anthem Inc which is valued at $1,185,030. Anthem Inc makes up approx 0.22% of Acropolis Investment Management’s portfolio.Foundry Partners boosted its stake in ANTM in the latest quarter, The investment management firm added 4,021 additional shares and now holds a total of 68,651 shares of Anthem Inc which is valued at $9,181,385. Anthem Inc makes up approx 0.86% of Foundry Partners’s portfolio.

Anthem Inc opened for trading at $133.08 and hit $136.48 on the upside on Wednesday, eventually ending the session at $135.47, with a gain of 2.58% or 3.41 points. The heightened volatility saw the trading volume jump to 18,31,331 shares. Company has a market cap of $35,622 M.

On the company’s financial health, Anthem Inc reported $3.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $3.35. The company had revenue of $20309.40 million for the quarter, compared to analysts expectations of $19764.50 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS.

Many Wall Street Analysts have commented on Anthem Inc. Anthem Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016. Anthem Inc was Downgraded by Sterne Agee CRT to ” Neutral” on May 24, 2016.

Anthem Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer individual Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs) health maintenance organizations (HMOs) point-of-service (POS) plans traditional indemnity plans and other hybrid plans including consumer-driven health plans (CDHPs) and hospital only and limited benefit products. In addition the Company also provides an array of managed care services to self-funded customers including claims processing underwriting stop loss insurance actuarial services provider network access medical cost management disease management wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services such as dental vision life and disability insurance benefits radiology benefit management and analytics-driven personal health care.

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